Shaker Financial Services LLC reduced its position in shares of The New Germany Fund, Inc. (NYSE:GF – Free Report) by 12.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 280,683 shares of the investment management company’s stock after selling 41,063 shares during the quarter. Shaker Financial Services LLC’s holdings in The New Germany Fund were worth $2,283,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GF. 1607 Capital Partners LLC lifted its position in shares of The New Germany Fund by 3.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,630,423 shares of the investment management company’s stock worth $14,250,000 after purchasing an additional 54,369 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of The New Germany Fund by 1.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock valued at $19,211,000 after purchasing an additional 22,390 shares during the period. City of London Investment Management Co. Ltd. grew its stake in The New Germany Fund by 3.1% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 1,224,799 shares of the investment management company’s stock worth $10,705,000 after purchasing an additional 37,139 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in The New Germany Fund by 88.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock worth $892,000 after purchasing an additional 51,606 shares during the period. Finally, Karpus Management Inc. purchased a new stake in shares of The New Germany Fund in the 4th quarter worth $200,000.
The New Germany Fund Stock Performance
Shares of The New Germany Fund stock traded up $0.05 during trading on Thursday, hitting $8.46. 1,526 shares of the stock traded hands, compared to its average volume of 35,225. The stock’s fifty day simple moving average is $8.34 and its 200 day simple moving average is $8.46. The New Germany Fund, Inc. has a 52-week low of $7.38 and a 52-week high of $8.88.
The New Germany Fund Company Profile
The New Germany Fund Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors.
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